“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
Big Support has been broken and the SP is dropping hard to the nearest support.
Market is becoming short term oversold again.
Non-farm payrolls coming out on Friday could provide a catalyst for a panic leg down. We may get a short covering squeeze before then.
Watch resistance and support on the daily and hourly charts.
Bullish Percent
McClellan Oscillator
Volatility Indicator (VIX)
